Responsible Lending Practices

MyCashpot.com is committed to providing you with the most up-to-date information about the lending process, so you can borrow money safely and make sound financial decisions.

Fair Lending

Our lending policy strictly adheres to the fair lending guidelines of the Dodd-Frank Wall Street Reform and Consumer Financial Protection Act, which protects consumers from discriminatory and unfair lending practices by lenders. Lenders in the MyCashpot.com network must also follow the regulatory provisions of the Consumer Financial Protection Bureau. Consumers using MyCashpot.com are urged to file a complaint with the agency if they encounter problems in dealing with a lender.

MyCashpot.com requires lenders in our network to provide customers with a written account of interest rates, fees, rollover changes and other fees associated with their loan before they sign their loan documents as mandated by the Truth in Lending Act outlined by the Consumer Financial Protection Bureau.

State Regulations

Lenders in the MyCashpot.com network also follow state lending laws in addition to federal laws. All lenders in our network charge fees and interest rates that adhere to regulatory measures enacted by state governments. Many states also establish guidelines for repayment and maximum loan amounts. Customers can check our site for information on their state lending laws.

Debt Collection Practices

Customers using MyCashpot.com can be assured that MyCashpot.com and the lenders they borrow money from follow fair debt collection practices during the loan repayment process. The Federal Trade Commission Fair Debt Collection Practices Act mandates that lenders not engage in any of the following actions:

Contacting consumers by phone before 8 a.m. or after 9 p.m.

Contacting consumers by phone with the intent to harass, annoy or using abusive language to belittle or threaten.

Collecting debt through deception or misrepresentation.

Threatening legal action when no legal action is permitted.

If a lender violates these Federal Trade Commission provisions regarding fair debt collection, we will immediately stop conducting business with that lender and report that lender to the Federal Trade Commission.

Late Payment Policy

Lenders within our network each have their own late payment policy. These policies are governed by state lending regulations regarding late payments. Please review the late payment policy outlined on your loan document prior to signing the loan commitment, so you can understand the lender’s late payment policy and potential fees and penalties. If state law allows it, lenders are often able to offer loan renewal plans, rollovers, and other ways of extending the repayment period in order for you to make payments in full. Engaging in these renewal plans, however, should only be done in extreme situations as the fees and other costs will significantly add to the overall amount you will eventually have to repay.

Customer notice: MyCashpot.com works with a network of lenders and financial service providers offering online loans ranging generally from $1,000 to $5,000. These loans are intended for short-term financial relief and do not constitute long-term financial solutions. Consumers facing debt and credit difficulties should seek out debt and credit advisory help. You will not be charged any fees to use MyCashpot.com’s services.

Legal Disclaimer: MyCashpot.com’s Terms of Use and the MyCashpot.com Privacy Policy apply to the use of this website and its services. MyCashpot.com connects borrowers with lenders and thus the specific terms and conditions of the specific lender will apply to any loan a borrower takes out. Any display of APR, loan amounts, interest or other loan details are only estimations. In reality these amounts will vary by lender and by borrower. Lending decisions are based on many factors, including but not limited to credit history, employment history, and loan repayment history. Please note that some lenders may perform credit checks as part of their credit transaction approval process. You are under no obligation to use MyCashpot.com's service to initiate contact, or request for credit or any loan product with any service provider or lender.

THE OWNERS AND OPERATORS OF THIS WEBSITE ARE NOT LENDERS, they do not broker loans and they do not make any short term cash loans or make any credit decisions. MyCashpot.com simply helps borrowers find lenders for installment loans. MyCashpot.com aims to inform users of possible lenders who may be able to satisfy the needs of a particular consumer. Nothing on this website is an offer or a solicitation to lend. Any information you submit to this site will be provided to lender(s) and/or financial service providers. The operator of this website is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product.

Availability: Residents of some states may not be eligible for a short term cash loan based upon lender requirements. Our company does not guarantee that completing an inquiry form will result in you being connected with a service provider or lender, being offered a loan product with satisfactory rates or terms, nor receiving a loan from a service provider or lender.